Business Standard

TCS slips to fourth slot in market cap

Related News

Tata Consultancy Services (TCS) today slipped to fourth position in the list of the country's most valued companies, below Industries (RIL), ONGC and Coal India.

The Tata group firm had briefly replaced RIL as the country's most-valued firm late last month, but could not hold on to the top ranking.

A sharp plunge in shares had pushed the company to third position after RIL and ONGC earlier this month and a further retreat led to the country's largest software exporter slipping to fourth slot in the market valuation charts today.

At the end of today's trade, TCS had a market value of Rs 216,135.91 crore -- lower than RIL's 242,424.06 crore, ONGC's Rs 223,939.95 crore and CIL's Rs 221,893.88 crore.

Meanwhile, RIL regained its position as the most influential stock on the Sensex on the basis of weight in the stock market barometer index from another IT major, Infosys, in today's trade.

RIL now carries a Sensex weight of 9.78%, as against Infosys' 9.52%. The Sensex weight of a stock is determined on the basis of its free-float market capitalisation, or the value of shares held by non-promoter shareholders that are freely available for trading.

ITC currently has the third highest weight on the Sensex after RIL and Infosys.

In terms of full market valuation, Infosys is ranked sixth after RIL, ONGC, Coal India, TCS and ITC.

RIL shares soared by 3.8% today, while Infosys gained 1%, but TCS lost 0.28% on a day when the Sensex gained 1.7%, or 276.69 points.

State-run CIL gained 3.2%, while ONGC also appreciated by 2.05%.

Read more on:   
|
|
|

Read More

FIIs net buy Rs 624 cr, DIIs net sell Rs 241 cr

Foreign institutional investors (FIIs) were net buyers of Rs 624.10  crore (provisional) today, according to data released by BSE.

Quick Links

Market News

Sensex records sharpest seven-day rally since 2009

The Sensex surged 273 points on Friday to close at 29,278.84, and has rallied 1,932 points in the past seven trading days since January 15

Gold imports came to halt as discounts widened

High discounts are due to huge carry over stock of gold imported in November

GSK Pharma, select MNC stocks gain as Sebi eases delisting norm

In intra-day trade, GSK Pharma gained as much as 12% and ended 6.4% higher at Rs 3,347.45

Odisha's Potato Mission to cost Rs 267 crore

Expenditure finance committee to appraise the scheme

Markets cheer ECB stimulus; Nifty ends above 8,800

The 30-share Sensex ended up 273 points at 29,279 and the 50-share Nifty surged 74 points at 8,836

 

Back to Top